2025 (10) TMI 321

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....ely at the request of and with the consent of the learned Counsel for the parties. 3. The challenge in this Petition is to the order of attachment of the Petitioner's bank accounts as detailed in prayer clause (a) of the Petition. 4. Mr Chavan, the learned Senior Advocate for the Petitioner, on instructions, states that the cumulative amount in the above-referred bank accounts is approximately Rs. 10,00,000/- as on the date of attachment and consequently as on today. 5. On instructions, Mr Chavan states that the Petitioner will not touch these amounts, or any amounts lying in the attached bank accounts as of today. However, he submits that the attachment needs to be lifted because otherwise, the Petitioner is precluded from operati....

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.... to enter into any controversy of whether there was any admission of liability or not. 10. If, the Petitioner's statement that the cumulative amounts in all the attached bank accounts are approximately Rs. 10,00,000/-, then, we are prepared to accept Mr Chavan's statement made on instructions that this amount or for that matter, any amount in the above-referred bank accounts as of today, will not be touched or withdrawn. This statement, made under instructions, is now accepted as an undertaking given to this Court, and the Petitioner will be required to abide by it. 11. The above statement will, to some extent, protect the interests of the Revenue. This is because, even after determining liability, it is likely that the Petitioner wil....